Janet Yellen to Lead the Federal Reserve Janet L. Yellen will be moving up from vice chair of the board of governors of the Federal Reserve System to become chairwoman of the Federal Reserve after confirmation by the U.S. Senate earlier this week.When she becomes Fed chair on Feb. 1, it will mark the… Read More >>
DTC Tests 20022 for Corporate Actions Instructions as Calypso Links to a SEF
DTC Tests Corporate Actions Instructions on 20022 In a bid to advance corporate actions processing, a subsidiary of industry utility DTCC has begun testing inbound instructions that conform to the ISO 20022 standard for financial messaging, officials say.The first automated instruction message was received from Interactive Brokers through DTCC’s Depository Trust Company (DTC) subsidiary, which… Read More >>
Wolters Kluwer Fills EMEA Post as Options Hires Ex-NYSE Euronext Exec
Wolters Kluwer Fills EMEA MD Post Vendor Wolters Kluwer Financial Services has appointed Clive Pedder as managing director, Europe, Middle East and Africa where he will oversee the growth strategy for the finance, risk and compliance business in the region, officials say.Pedder was most recently an executive vice president of SunGard’s capital markets business and… Read More >>
A Halloween Treat: Interim CICIs Become Permanent
Unfortunately, I do not have a Halloween tale about an operations nightmare that would scare the bejesus out of you. Instead, there appears to be a bit of good news on the global legal entity identifier (LEI) front, which is a welcome change from the recent horrors of government shutdowns, record fines and markets fearing… Read More >>
DTCC’s Bodson is Omgeo’s Chairman as Clearstream’s CIO/CTO Exits
DTCC’s Bodson to Serve as Omgeo’s Chairman Post-trade solutions provider Omgeo has a new chairman in Michael Bodson, president and CEO of the DTCC, which earlier this month completed its acquisition of Omgeo. Bodson, who joins Omgeo’s board of managers, will take on the role from Andrew Gray, managing director of Core Business Management at… Read More >>
The Promise of Corporate Actions Contradictions
At one point during FTF’s CAPCon New York conference yesterday, a panelist noted that many of the issues being raised have not substantially changed over the past 20 years. While I concede the point, my perception is that corporate actions processing has become a mix of extreme contradictions that are harbingers of real changes to… Read More >>
DTCC Finalizes Omgeo Acquisition
Post-trade processing utility the DTCC has officially completed its acquisition of Omgeo, a post-trade services and solutions provider, and will integrate Omgeo’s international buy-side clients with DTCC’s customers to create growth, say officials from both companies.As a fully-owned subsidiary of the DTCC, Omgeo will oversee global strategies for post-trade processing and settlement that will facilitate… Read More >>
Markit Shuffles Executives as former EMC Consultant to lead Capco Digital
Markit and MarkitSERV Shuffle Executives Markit, which provides trading data, valuations and processing services, announced the appointment of Jeff Gooch as chief financial officer, officials say. Gooch’s new post follows his time at MarkitSERV where he served as global head of processing, CEO and chairman of MarkitSERV, Markit’s trade processing platform for OTC derivatives. Gooch… Read More >>
Omgeo Aims for a Global SSI Utility as DTCC Builds Client Data Service with A-List Firms
Omgeo & DTCC Ready ‘Global Utility’ for SSIs Post-trade solutions provider Omgeo and the DTCC are combining forces to build a repository that would effectively serve as a global utility for standing settlement instructions, intended to lower operational costs and bolster efficiency, say Omgeo and DTCC officials.SSI data such as account number, currency code, security… Read More >>
DTCC Hits Corporate Actions Milestone as Woodfield Eases Ops Burdens
DTCC Hits Corporate Actions Milestone The DTCC reached a milestone in June when it distributed 100 million ISO 20022 corporate actions announcement messages to banks, brokerages and other financial institutions, say officials at the industry utility.The DTCC, through its subsidiary, the Depository Trust Company, began distributing ISO 20022 announcement messages in November 2011 after an… Read More >>
